Derayah REIT Fund (SAU:4339) Cyclically Adjusted PB Ratio: (As of Aug. 18, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
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Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

SAU:4339 Derayah REIT Fund SAU:4339
66 GF Score
Price ﷼5.32
GF Value ﷼5.86
Valuation Fairly Valued
! 8 Warning Signs
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What is Derayah REIT Fund Cyclically Adjusted PB Ratio?

Derayah REIT Fund does not have a history long enough to calculate Cyclically Adjusted Book per Share. Therefore GuruFocus does not calculate Cyclically Adjusted PB Ratio for this company.

Shiller PE for Stocks: The True Measure of Stock Valuation


Derayah REIT Fund  (SAU:4339) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Derayah REIT Fund Cyclically Adjusted PB Ratio Related Terms


Derayah REIT Fund Cyclically Adjusted PB Ratio Historical Data

* Premium members only.

The historical data trend for Derayah REIT Fund's Cyclically Adjusted PB Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Derayah REIT Fund Cyclically Adjusted PB Ratio Chart

Derayah REIT Fund Annual Data
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Cyclically Adjusted PB Ratio
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Derayah REIT Fund Semi-Annual Data
Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Cyclically Adjusted PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

SAU:4339 vs VICI, WPC: Cyclically Adjusted PB Ratio Comparison

For the REIT - Diversified subindustry, Derayah REIT Fund's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Derayah REIT Fund Cyclically Adjusted PB Ratio vs REITs Industry

For the REITs industry and Real Estate sector, Derayah REIT Fund's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Derayah REIT Fund's Cyclically Adjusted PB Ratio falls into.


SAU:4339
66GF Score
Derayah REIT Fund SAU:4339
Cyclically Adjusted PB Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Derayah REIT Fund Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

Derayah REIT Fund does not have a history long enough to calculate Cyclically Adjusted Book per Share. Therefore GuruFocus does not calculate Cyclically Adjusted PB Ratio for this company.

Is Derayah REIT Fund (SAU:4339) Overvalued in 2026?

Based on GuruFocus' analysis, Derayah REIT Fund stock appears to be undervalued. The current stock price of ﷼5.32 is trading 9.2% below its estimated GF Value™ of ﷼5.86. GuruFocus considers Derayah REIT Fund to be Fairly Valued.

Key valuation signals for SAU:4339:

  • Cyclically Adjusted PB Ratio:
  • GF Value™: ﷼5.86 vs. price of ﷼5.32 (9.2% below fair value)
  • GF Score™: 66/100 with 8 warning signs

No single metric tells the full story. See the SAU:4339 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Derayah REIT Fund Business Description

Industry Real EstateREITs
Address Al Takhassousi Street, P.O Box 663330, Riyadh Prestige Center, Riyadh, SAU, 11323
Derayah REIT Fund operates as a real estate investment company in Saudi Arabia. Its aim is to generate income on the invested capital by acquiring a number of diverse, completed, and income-generating real estate assets in Saudi Arabia with the exception of Mecca and Medina. The company services include Real Estate, Unified Trading, Margin Financing, Asset Management, Equity, and Alternative investment funds.
66GF Score

Get the complete analysis for SAU:4339

Cyclically Adjusted PB Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

﷼5.32
Price
﷼5.86
GF Value